• ITVI.USA
    12,849.680
    -131.320
    -1%
  • OTLT.USA
    3.013
    0.057
    1.9%
  • OTRI.USA
    8.950
    0.010
    0.1%
  • OTVI.USA
    12,898.900
    -123.630
    -0.9%
  • TSTOPVRPM.ATLPHL
    3.060
    0.280
    10.1%
  • TSTOPVRPM.CHIATL
    2.580
    0.190
    7.9%
  • TSTOPVRPM.DALLAX
    1.920
    0.120
    6.7%
  • TSTOPVRPM.LAXDAL
    2.290
    0.130
    6%
  • TSTOPVRPM.PHLCHI
    2.110
    0.120
    6%
  • TSTOPVRPM.LAXSEA
    2.950
    0.070
    2.4%
  • WAIT.USA
    129.000
    3.000
    2.4%
  • ITVI.USA
    12,849.680
    -131.320
    -1%
  • OTLT.USA
    3.013
    0.057
    1.9%
  • OTRI.USA
    8.950
    0.010
    0.1%
  • OTVI.USA
    12,898.900
    -123.630
    -0.9%
  • TSTOPVRPM.ATLPHL
    3.060
    0.280
    10.1%
  • TSTOPVRPM.CHIATL
    2.580
    0.190
    7.9%
  • TSTOPVRPM.DALLAX
    1.920
    0.120
    6.7%
  • TSTOPVRPM.LAXDAL
    2.290
    0.130
    6%
  • TSTOPVRPM.PHLCHI
    2.110
    0.120
    6%
  • TSTOPVRPM.LAXSEA
    2.950
    0.070
    2.4%
  • WAIT.USA
    129.000
    3.000
    2.4%
American ShipperShippingTrade and Compliance

Descartes reports another increase in profits

The global trade and transportation software provider posted a net income of $5.1 million for the second quarter of fiscal 2016, which ended July 31, a year-over-year increase of 42 percent.

   Descartes Systems Group Inc., a global trade and transportation software provider, posted a net income of $5.1 million for the second quarter of fiscal 2016, which ended July 31, a year-over-year increase of 42 percent.
   The company reported earnings per share on a diluted basis of $0.07 for the quarter, in comparison to $0.05 per share during the second quarter of fiscal 2015.
   Revenues for the quarter jumped 6 percent from the second quarter of fiscal 2015 to $45.2 million. Descartes reported its services revenues, which comprised 95 percent of the company’s total revenues for the quarter, reached $42.8 million for the quarter, also a year-over-year jump of 6 percent.
   During the second quarter of fiscal 2016, Descartes acquired all outstanding shares of MK Data July 20, a provider in the denied party screening solutions market, for which it paid $80.2 million in cash.
   In addition, the global trade and transportation software provider also acquired all outstanding shares of BearWare July 22 for $11.2 million in cash. BearWare is a provider of mobile solutions that connect logistics companies with retailers.